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REG - Riverstone Energy Ld - Update on Share Buyback Programme

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RNS Number : 5390O  Riverstone Energy Limited  03 October 2023

LEI: 213800HAZOW1AWRSZR47

3 October 2023

Riverstone Energy Limited

("REL" or the "Company")

Update on Share Buyback Programme

As the next portfolio valuation date is 30 September 2023, Riverstone Energy
Limited announces that it has entered into an irrevocable commitment with J.P.
Morgan Securities plc and Numis Securities Limited to continue its open market
share buyback programme through a non-discretionary programme repurchasing
ordinary shares in the Company, within certain pre-set parameters, during the
period starting on the date of this announcement and ending after the
portfolio valuation for 30 September 2023 is published in October 2023.

Since the Company's announcement on 3 July 2023, 1,312,121 ordinary shares
have been bought back pursuant to the buyback programme at a total cost of
approximately £7.3 million ($9.2 million), leaving £22.2 million remaining
allocated to the programme.  In addition to the buyback programme, the
Company has acquired 3,182,196 ordinary shares pursuant to the tender offer
announced on 17 August 2023 at a total cost of approximately £18.4 million.
 

This arrangement is in accordance with Chapter 12 of the FCA Listing Rules and
the Company's general authority to repurchase shares.

About Riverstone Energy Limited:

REL is a closed-ended investment company which invests in the energy industry
that has since 2020 been exclusively focussed on pursuing and has committed
$193 million to a global strategy across decarbonisation sectors presented by
Riverstone's investment platform.  REL's ordinary shares are listed on the
London Stock Exchange, trading under the symbol RSE.  REL has 15 active
investments spanning decarbonisation, oil and gas, renewable energy and power
in the Continental U.S., Western Canada, Europe and Australia.

For further details, see www.RiverstoneREL.com
(http://www.riverstonerel.com/)

Neither the contents of Riverstone Energy Limited's website nor the contents
of any website accessible from hyperlinks on the websites (or any other
website) is incorporated into, or forms part of, this announcement.

Media Contacts

For Riverstone Energy Limited:

Josh Prentice
+44 203 206 6300

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